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Biotech / Medical : Biotech Derivatives

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To: LLCF who wrote (252)6/25/1999 2:54:00 AM
From: SnowShredder  Read Replies (1) of 555
 
Hi David,

Goldman buying tons of "DOW" puts... at the money.

Thanks...I'll be on my toes (maybe they believe in the 9 month cycle low?)...do you know who was the seller? Thanks again...Best of luck, Where'd He Go?

techstocks.com

To: +heinz blasnik (18476 )
From: +KM
Thursday, Jun 24 1999 6:09PM ET
Reply # of 18530

From Street.com market roundup:

Goldman Sachs bought July 10,700 puts to the tune of 20,000 contracts, at an average
price of 2 1/2 ($250 per contract), according to a trader at Wall Street Access. It was "a
very bearish signal," the trader said. "Even if they bought stock and this is a hedge against
it." The order crossed at 4:09 p.m. EDT.

Goldman Sachs declined to comment.
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